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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Activities    
Net income $ 630 $ 597
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Net realized capital losses (gains) (163) 9
Amortization of deferred policy acquisition costs 355 383
Additions to deferred policy acquisition costs (373) (356)
Depreciation and amortization 108 116
Gain on sale 0 (62)
Other operating activities, net 37 324
Change in assets and liabilities:    
Decrease in reinsurance recoverables 16 19
Decrease in accrued and deferred income taxes 116 122
Increase in insurance liabilities 138 58
Net change in other assets and other liabilities (585) (498)
Net cash provided by operating activities 279 712
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, available-for-sale 5,072 6,639
Fixed maturities, fair value option 2 6
Fixed maturities, fair value option 619 185
Mortgage loans 100 154
Partnerships 68 75
Payments for the purchase of:    
Fixed maturities, available-for-sale (5,105) (5,874)
Equity securities, at fair value (607) (256)
Mortgage loans (31) (178)
Partnerships (78) (126)
Net proceeds from (payments for) derivatives 26 (189)
Net proceeds from (payments for) derivatives (20) (39)
Net proceeds from (payments for) short-term investments 82 (608)
Other investing activities, net 1 (31)
Net cash provided by (used for) investing activities 129 (242)
Financing Activities    
Deposits and other additions to investment and universal life-type contracts   1,366
Withdrawals and other deductions from investment and universal life-type contracts (24) (7,670)
Net transfers from separate accounts related to investment and universal life-type contracts   5,918
Federal Home Loan Bank of Boston (FHLBB) advances 50 0
Repayments at maturity or settlement of consumer notes   (4)
Net increase (decrease) in securities loaned or sold under agreements to repurchase 102 (368)
Repayment of debt (413) (320)
Proceeds from the issuance of debt 0 (490)
Net issuance (return) of shares under incentive and stock compensation plans (28) 1
Dividends paid on preferred stock (6)  
Dividends paid on common stock (109) (90)
Net cash used for financing activities (428) (677)
Foreign exchange rate effect on cash 3 (5)
Net decrease in cash, including cash classified as assets held for sale (17) (212)
Less: Net increase (decrease) in cash classified as assets held for sale 0 (260)
Net increase (decrease) in cash (17) 48
Cash – beginning of period 121 180
Cash – end of period 104 228
Supplemental Disclosure of Cash Flow Information    
Income tax received (paid) 0 (1)
Interest paid $ 41 $ 65